EUR/USD: Long again at 1.0780, target 1.0960
Technical analysis: In line with our expectations, we see some corrective moves on the EUR/USD. We think that the rate will not fall below 14-day exponential moving average, currently at 1.0753. Long-term charts remains bullish.
Short-term signal: We think that the reaction to stronger U.S. consumer confidence data could be a good opportunity to buy EUR/USD, as medium-term outlook has not changed. We have opened EUR/USD long at 1.0780 for 1.0960.
Long-term outlook: We stay long for 1.1125.
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Technical analysis: In line with our expectations, we see some corrective moves on the EUR/USD. We think that the rate will not fall below 14-day exponential moving average, currently at 1.0753. Long-term charts remains bullish.
Short-term signal: We think that the reaction to stronger U.S. consumer confidence data could be a good opportunity to buy EUR/USD, as medium-term outlook has not changed. We have opened EUR/USD long at 1.0780 for 1.0960.
Long-term outlook: We stay long for 1.1125.
GrowthAces.com - your daily forex trading strategies newsletter